Transactions – The European Union Times ⚡ Shocking Hidden News Reports ⚡

British, American Retailers Join Court Battles Against Visa, MasterCard Over Transaction Fees

EU Times — Wed, 15 Dec 2021 16:14:49 +0000

Earlier, the e-commerce giant, Amazon stopped accepting payments from Visa cards in the UK citing “high fees” of the financial services corporation. Visa condemned the decision accusing the company of “restricting consumer choice”. Several global fashion retailers have filed legal complaints against the world’s two major financial services companies over their fees for card payments. […]

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US-Russia political tensions will speed up demise of dollar

EU Times — Fri, 12 Sep 2014 10:58:29 +0000

An American economist says the political tensions between Washington and Moscow will speed up the demise of the US dollar in international transactions. “The political tensions between the United States and Russia has increased or speeded up the process of which nations are doing business between countries instead of dollars and doing it with their […]

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Yuan outperforms Euro, becomes 2nd most popular trade finance currency

EU Times — Thu, 05 Dec 2013 18:55:20 +0000

The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions. The share of the yuan in global trade finance has jumped from 1.89 percent in January 2012 to 8.66 percent in the form of letters of […]

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US Senate passes more Iran sanctions

EU Times — Tue, 26 Mar 2013 13:54:14 +0000

The U.S. Senate passed unanimously an amendment to its budget resolution on Saturday, March 24, which supported attempts to block Iran’s access to its foreign exchange reserves and limit Iran’s ability to transact in Euros. The amendment, proposed by Republican Mark Kirk of Illinois and Democrat Joe Manchin of West Virginia, follows a letter sent […]

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Russian MP suggests ban on foreign currency transactions

EU Times — Wed, 01 Aug 2012 21:37:36 +0000

An MP who represents the United Russia majority party has prepared legislative amendments that would make the Russian ruble the only valid currency in the country, and put an end to dependency on the US dollar and the Euro. Yevgeniy Fyodorov described the initiative in an interview with the Izvestia daily newspaper. He promised that […]

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